OKLAHOMA CITY -- Homeland Holding Corp. here said sales and same-store sales rose, while its operating cash flow declined, for the first quarter ended March 27.
d it had a net loss of $2 million; however, excluding amortization of excess reorganization value, net income was $616,000.
David B. Clark, president and chief executive officer of the 77-store chain, said he was pleased with the 3% increase in same-store sales, following declines of 1% during fiscal 1998 and 3.2% for fiscal 1997. ...
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